The USD/JPY is now trending upward. The recent upswing is the strongest in a while, and the state of the world economy has undoubtedly had an impact.
On the retest, the price created a false break and then consolidated under the resistance level of 139.4 in the short zone.
If the price can hold the false-breakdown pattern and the short-term target of support 136.376, I think a negative correction in an uptrend is possible.
On the retest, the price created a false break and then consolidated under the resistance level of 139.4 in the short zone.
If the price can hold the false-breakdown pattern and the short-term target of support 136.376, I think a negative correction in an uptrend is possible.